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Data from Statistics Canada. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Median CPI YoY fell to 1.9% in June 2026
Statistics CanadaMonthlyReleased July 2026
Canada Median CPI YoY fell to 1.9% in June 2026, released July 2026, down 0.2% from May's 2.1% reading. The print came in cooler than the 2.1% consensus, a softer print than forecasters anticipated.
Latest Release
1.9
Actual
2.1
Consensus
2.1
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Median CPI YoY (Canada) was reported at 1.9% in July 2026. This missed the market consensus of 2.1% by 0.2%. The reading fell from the previous value of 2.1%.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Median CPI YoY - CA
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About Median CPI YoY — Canada
DEFINITION
Canada's Median CPI YoY for June came in at 1.900000%, missing the 2.100000% estimate and down from May's 2.100000%. This decline signals a continued easing in inflation pressures year-over-year. Market participants will watch upcoming Bank of Canada communications closely for guidance on monetary policy. Updated 7/21/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 1.9 %, consensus 2.1 %.
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